HERMANS HERMAN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HERMANS HERMAN
Largest movements
- Cash -€26,200
down €26,200 (-38.0%), from €69,019 to €42,820
mainly Contributions, distributions and other (-€117,778) and Investment in fixed assets (net) (-€25,999)
- Receivables within one year +€25,209
up €25,209 (+15.0%), from €167,787 to €192,996
of which Other amounts receivable: +€27,224
- Tangible fixed assets +€6,024
up €6,024 (+10.7%), from €56,218 to €62,242
of which Furniture and vehicles: +€20,799
- Other debts +€117,778
up €117,778 (+98,148%), from €120 to €117,898
- Reserves -€110,691
down €110,691 (-43.2%), from €256,383 to €145,692
- Tax, wage and social debts -€5,836
down €5,836 (-33.9%), from €17,233 to €11,397
of which Taxes: -€5,836
- Trade debts +€3,672
up €3,672 (+110%), from €3,341 to €7,012
- Gross operating margin -€151,102
down €151,102 (-87.0%), from €173,581 to €22,479
- Staff costs -€80,024
down €80,024 (-99.8%), from €80,192 to €167
- Taxes -€21,203
down €21,203 (-86.2%), from €24,603 to €3,400
- Depreciation +€4,919
up €4,919 (+32.7%), from €15,056 to €19,975
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €295,676 | €300,599 | +€4,922 | +1.7% |
| Fixed assets | 21/28 | €56,218 | €62,242 | +€6,024 | +10.7% |
| Tangible fixed assets | 22/27 | €56,218 | €62,242 | +€6,024 | +10.7% |
| Land and buildings | 22 | €5,425 | €4,863 | -€562 | -10.4% |
| Plant, machinery and equipment | 23 | €30,190 | €19,859 | -€10,332 | -34.2% |
| Furniture and vehicles | 24 | - | €20,799 | +€20,799 | |
| Other tangible fixed assets | 26 | €20,603 | €16,721 | -€3,882 | -18.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €239,459 | €238,357 | -€1,102 | -0.5% |
| Amounts receivable within one year | 40/41 | €167,787 | €192,996 | +€25,209 | +15.0% |
| Trade receivables | 40 | €2,860 | €845 | -€2,015 | -70.4% |
| Other amounts receivable | 41 | €164,927 | €192,151 | +€27,224 | +16.5% |
| Cash at bank and in hand | 54/58 | €69,019 | €42,820 | -€26,200 | -38.0% |
| Deferred charges and accrued income | 490/1 | €2,652 | €2,541 | -€111 | -4.2% |
| Total equity and liabilities | 10/49 | €295,676 | €300,599 | +€4,922 | +1.7% |
| Equity | 10/15 | €274,983 | €164,292 | -€110,691 | -40.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €256,383 | €145,692 | -€110,691 | -43.2% |
| Distributable reserves | 133 | €256,383 | €145,692 | -€110,691 | -43.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,693 | €136,307 | +€115,613 | +559% |
| Amounts payable within one year | 42/48 | €20,693 | €136,307 | +€115,613 | +559% |
| Trade debts | 44 | €3,341 | €7,012 | +€3,672 | +110% |
| Suppliers | 440/4 | €3,341 | €7,012 | +€3,672 | +110% |
| Taxes, remuneration and social security | 45 | €17,233 | €11,397 | -€5,836 | -33.9% |
| Taxes | 450/3 | €17,233 | €11,397 | -€5,836 | -33.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €120 | €117,898 | +€117,778 | +98,148% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €80,192 | €167 | -€80,024 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,056 | €19,975 | +€4,919 | +32.7% |
| Other operating charges | 640/8 | €1,238 | €848 | -€390 | -31.5% |
| Gross operating margin | 9900 | €173,581 | €22,479 | -€151,102 | -87.0% |
| Operating profit (loss) | 9901 | €77,095 | €1,489 | -€75,607 | -98.1% |
| Financial income | 75/76B | €10,039 | €9,342 | -€697 | -6.9% |
| Recurring financial income | 75 | €10,039 | €9,342 | -€697 | -6.9% |
| Financial charges | 65/66B | €772 | €344 | -€428 | -55.4% |
| Recurring financial charges | 65 | €772 | €344 | -€428 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €86,362 | €10,486 | -€75,876 | -87.9% |
| Income taxes | 67/77 | €24,603 | €3,400 | -€21,203 | -86.2% |
| Profit (loss) for the period | 9904 | €61,759 | €7,087 | -€54,673 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,759 | €7,087 | -€54,673 | -88.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.